The quarterly activities report includes a valuation of RAMI's Wowo Gap project, using a historical mean average nickel price (around $9,000/t compared to current price around $19,000/t), and provides a value range of $150m to $600m with a 'preferred' current value of $168m.
That equates to a share price range of around 14c/share - around 58c/share with a preferred value of around 15c/share.
This share is trading at less than 1c/share - perhaps a rerating is warranted?
rmi trading @ just 5% of independent valuation
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Mkt cap ! $13.69M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4035 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 19900 | 1 |
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